Thursday, January 17, 2013
Nokia to Align Its Business Focus, Axe 300 Employees

Nokia today outlined a range of planned changes today to
streamline its IT organization, increase its operational
efficiency and reduce operating costs.

As part of the planned changes, Nokia plans to transfer
certain activities and up to 820 employees to HCL
Technologies and TATA Consultancy Services.

Nokia also plans to reduce its global IT organization by
up to 300 employees. Nokia said it would offer employees
affected by these planned reductions both financial
support and a Bridge support program. The Finish company
added that these are the last anticipated reductions as
part of Nokia's focused strategy announcement of June
2012.

The majority of the employees affected by these planned
changes are based in Finland.